Pension Information Pension Information Committee July 27, 2006 BCECS Inc. November 13, 2007

Agreement Your situation Example of statement (enclosed documents) Example of forms (enclosed documents) How can I get information about my pension? What do I have to think about? Agenda 5

Agreement Details Transfer of employees dated February 4, The transferred employee continues to accumulate pensionable service under the Defined Benefit (DB) arrangement until November 30, 2007, or until the end of their employment with Transervice, whichever comes first (if applicable). Agreement Details 5

You are under age 55 as at November 30, 2007 and you will not reach age 55 before December 31, Upon cessation of participation (November 30, 2007) What are my options? Option – 1 : Transfer of pension value The final amount to transfer will be determined as of the date of the transfer. This value is subject to change over time due to market rate fluctuations. Option – 2 : Deferred pension (default option) The pension payment can start as early as age 55 but will be reduced to take in consideration the fact that it will be payable for a longer period. Your situation 5

You chose Option – 2 (Deferred pension) From cessation of participation to retirement date Yearly communication: On a yearly basis, the employee will receive an annual pension statement which will include the value of the deferred pension. Based on the information contained in this statement, the member can decide to contact the Benefits Administrator to transfer to a locked-in RRSP the commuted value of their pension. The value of the pension is subject to your age and the effective market rate at time of transfer and therefore varies over time. The final value will be determined as of the date of the fund transfer. Your situation (continued) 5

You chose Option – 2 (Deferred pension) and you want to receive your pension To start receiving your pension: The pension payment can start as early as age 55 but will be reduced to take in consideration the fact that it will be payable for a longer period. In order to receive your pension payment, you must contact the Benefits Administrator 3 months in advance to obtain your retirement pension statement. All required duly completed forms should be received by the Benefits Administrator before the 3 rd day of the month following your retirement. Your situation (continued) 5

Pension Cessation Statement: In this statment, you will find the commuted value of your pension and the value of your deferred pension as af November 30, You will have to choose between the option to transfer out your money (Option – 1) or to keep the money in the pension plan and receive a deferred pension (Option – 2). Benefits web site (for employees participating in the Defined Contribution (DC) arrangement): You will find the current value of your DC account on: avantages.hroffice.com. Should you have any questions, please feel free to call the Benefits Administrator between 7:30 a.m. and 5:00 p.m., Eastern Standard Time (E.S.T.) at How can I get information about my pension? 5

In order to receive your pension value payment, you have to complete all the documents in the checklist. Pension option: You received a kit that you will need to complete. The default choice is a deferred pension. Group Retirement Savings Plan (Group RSP): A 90 - days period if given after your transfer date to complete the form (Termination Form – Group Retirement Savings Plan). You can leave your account balance in the Group RSP, but an administrative fee of 0.5% annually will be calculated and charged on a monthly basis. What do I have to think about? 5